Picking up from the reports of FinTech News Switzerland, TONI Digital bags a fund of $12.5mn in it’s serial B and the round was led by a consortium of distinguished investors. This round included an active participation of existing investors, who continue to believe in the success and growth of the company.
Things To Know About TONI Digital-
TONI Digital founded in 2017 and headquartered in Zurich has a powerful mission to attain. It serves simple, trustful and price competitive solutions to it’s customers and balances a traditional insurance value chain to deliver.
Lines such as motor insurance, payment protection insurance, and life solutions on top of its insurance technology platform are the specialties it serves to it’s policyholders. It pursues a B2B2C strategic approach, working with leading retail and insurance brands and also brokers on the distribution side.
TONI works with several insurance companies such as Munich Re, Helvetia, Vaudoise, Assista, and ERV to offer the different coverages.
What The Reports Of Coverager Says About The Views Of TONI’S Leaders-According to a report from Coverager, Philippe Regazzoni, director of the board, TONI, said that “The funding is a clear manifest of the filled pipeline of new distribution partners, the continued growth, as well as the attractiveness of TONI’s business model. The demand for digital, embedded and specialized high-value insurance programs and solutions will further grow to serve customer’s expectations and demands. Bernard El Hage, CEO of TONI Digital, added, We would like to thank our investors for their continued support and trust in our team and our vision. We are planning to use the proceeds of this funding round to leverage our cutting-edge technology platform and to launch multiple new insurance programs and products as well as to enter new European markets. We will grow our sales, underwriting and engineering team. In fact, there are not many insurance lines that remain that we are not offering yet.”